Single Person (age 65 or disabled): | Nursing Home Care | Home Care |
Resources | $13,800 $1,500 Burial Fund/Life Insurance Prepaid Funeral Contract | $13,800 $1,500 Burial Fund/Life Insurance Prepaid Funeral Contract |
Home | Exempt for eligibility BUT subject to lien | Exempt for eligibility IF home equity < $750,000 BUT Subject to lien |
Monthly Income | $50 Balance spent down on care | $767 + $20 income disregard Balance spent down on care |
Key Spousal Numbers:
| | |
Community Spouse Resource Allowance (“CSRA”) | $74,820 up to $109,560 | $13,800 |
Community Spouse Minimum Monthly Maintenance Needs Allowance (“MMMNA”) | $2,739 | All income deemed available to spouse needing care |